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Calculate the earnings per share

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Question - On May 1, Hector Enterprises Corporation sold an additional 2,000 shares. On July 1, they retired 2,000 shares and on September 1, the company's board declared a 3- for-1 stock split. Net income for 2021 was $517,750 and preferred shareholders received dividends of $80,000. Hector Enterprises Corporation had 21,000 common shares outstanding at the start of 2021. Hector Enterprises Corporation has a December 31 year-end. Calculate the Earnings Per Share for 2021.

Reference no: EM133091172

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